You’ve seen the catchy advertisements from companies like Nationwide, GEICO, and Progressive that say if you switch you’ll get the cheapest price, so you should just choose any one of them, right?
Unfortunately, it’s not that simple as there are a lot of unknown aspects such as your date of birth, your credit rating, and if you are a man or woman, that all factor into the price you pay. We will try to cover some of these topics and will hopefully give you a good start in finding the cheapest car insurance in Oakland.
The make and model of vehicle you are seeking coverage for is a large consideration when shopping around for cheaper insurance for teenage females. Vehicles with limited speed and performance, a plethora of safety features, or low incidents of liability claims will cost less to insure than higher performance models. The next table showcases car insurance prices for a number of the most economical automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $4,898 |
| Honda Accord EX 4-Dr Sedan | $4,906 |
| Ford Escape Limited 2WD | $4,945 |
| Toyota Prius | $5,300 |
| Honda Odyssey LX | $5,452 |
| Chevrolet Silverado LS Regular Cab 4WD | $5,462 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $5,452 |
| Ford Explorer Eddie Bauer 2WD | $5,499 |
| Dodge Grand Caravan CV | $5,509 |
| Ford F-150 XL Crew Cab 2WD | $5,499 |
| Honda Civic DX 4-Dr Sedan | $5,760 |
| Chevrolet Equinox LS AWD | $5,807 |
| Jeep Grand Cherokee Laredo 2WD | $5,815 |
| Toyota RAV4 Limited 2WD | $5,807 |
| Chevrolet Malibu LS | $5,817 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $5,854 |
| Hyundai Elantra Blue 4-Dr Sedan | $6,069 |
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in vehicle garaging location which can raise or lower coverage rates considerably.
Based upon the rates shown, we can presume that vehicles like the Honda CR-V, Honda Accord, and Ford Escape are likely to be some of the most economical vehicles to insure for teen girls. The cost of a car insurance policy will tend to be more expensive just because there is more inherent risk for teenage females, but overall those makes and models will most likely have the lowest insurance prices possible.
For teen girls, one of the more important criteria that are looked at to help calculate the amount you pay each year for auto insurance is where you live. Areas with a lot of weather claims or more people will most likely pay more, whereas areas with less congestion have the benefit of cheaper auto insurance prices.
The following table shows the highest-priced places in California for teenage females to purchase car insurance in. Oakland is listed at #4 with an annual cost of $1,704 for the average policy, which is around $142 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,058 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,704 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,644 |
| 7 | Stockton | $1,588 |
| 8 | Fontana | $1,581 |
| 9 | Long Beach | $1,578 |
| 10 | Santa Clarita | $1,548 |
| 11 | Moreno Valley | $1,536 |
| 12 | Garden Grove | $1,508 |
| 13 | Santa Ana | $1,497 |
| 14 | Modesto | $1,487 |
| 15 | Riverside | $1,482 |
| 16 | Fresno | $1,457 |
| 17 | San Jose | $1,437 |
| 18 | Anaheim | $1,430 |
| 19 | Huntington Beach | $1,402 |
| 20 | Irvine | $1,371 |
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Rate quotes are approximated as specific location information can increase or decrease insurance rates noticeably.
Comparison of full coverage and liability-only policies
Saving money on insurance is important to most vehicle owners, and one easy way to pay less for insurance for teenage females is to buy only liability coverage. The example below shows the difference between car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in California. The costs are based on no accidents or driving violations, $500 deductibles, single status, and no other discounts are factored in.
Averaged for all ages 20 through 70, full coverage costs $2,772 per year more than buying just liability insurance. That may make you wonder if buying full coverage is a waste of money. There is no set rule to exclude full coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your policy deductible. If you are currently paying more than $800 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some conditions where only buying liability is not advised. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
The example below demonstrates how choosing different deductibles can change premium costs when quoting cheap insurance for teenage females. The price estimates are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could cut expenses by $308 a year by changing from a $100 deductible to a $500 deductible, or save $466 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old category, can cut up to $1,026 or even more by using a higher deductible. When choosing a higher deductible, it is a good idea to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Get discount Oakland car insurance
Insurers that sell policies for teenage females may have premium discounts that could potentially reduce rates by 35% or more if you qualify for them. Companies and some of the premium reductions they offer include:
- State Farm discounts include student away at school, passive restraint, anti-theft, good driver, safe vehicle, Steer Clear safe driver discount, and multiple autos.
- GEICO offers premium reductions for seat belt use, anti-theft, defensive driver, federal employee, multi-vehicle, and good student.
- Progressive offers discounts including online quote discount, multi-policy, continuous coverage, multi-vehicle, and good student.
- 21st Century includes discounts for air bags, driver training, good student, automatic seat belts, early bird, student driver, and teen driver.
- American Family may have discounts that include multi-vehicle, defensive driver, good driver, Steer into Savings, and bundled insurance.
- The Hartford has savings for bundle, good student, defensive driver, air bag, and vehicle fuel type.
- AAA has discounts for multi-policy, good student, pay-in-full, good driver, multi-car, anti-theft, and education and occupation.
The example below shows the difference between car insurance rates with and without discounts applied to the premium. The information is based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, good student, paid-in-full, continuous coverage, passive restraint, and paperless filing discounts applied. When these discounts are applied, theaverage amount saved on insurance for teenage females is 28% or $666.